Huawei might lose business but no way there will be a causality

You are guessing, you don’t have all the facts, China’s tech is good. If American government didn’t see Huawei coming I believe Chinas tech is pretty up there with America like tencent and other big Chinese companies.

I am not guessing. I just completed a graduate degree in computer science. I work in bioinformatics (high performance computing) at one of the foremost medical research hospitals in the country, very nearly opened a 1MW BTC mining operation, and researched producing our own chipsets.

I am, without working in this space in the intelligence community, about as informed as you can be.

You on the other hand are almost certainly guessing, and therefore likely hypocritical...

If countries in the middle east routinely began to take over tankers they would find the repercussions far outweigh the benefits. Good luck running a country where you have essentially cut yourself off from all the imports/exports with the richest populations on earth, you'll also need much more than good luck trying to explain to your natives why there's a huge shortage of medicine and essential supplies that is provided by said countries.

The tanker was seized as part of a retaliatory measure after an Iranian tanker had been seized by the UK. It was tit for tat and in no way indicative of how the world would operate if the US wasn't around.

bitcoin has some similarities to gold but some differences too.

gold is great in true crisis. if you are fleeing a horrible situation, it is very portable, easily hidden and most importantly very very easy to convert to cash.

if you were a rich person fleeing genocide and in grave danger, i just don't see bitcoins as being practical..... seems like it is a huge hassle to convert them to cash and to manage them in general.

both gold and bitcoin have the problem that they don't hold their value very well during certain times.... yes, they can go way up too..... but to function as a stable asset, u want them to display stability........ bitcoin to me is just another extremely volatile currency.

personally, i don't see much need for bitcoin except perhaps in the underground economy..... gold is much better but i'm not a huge fan of it either

First of all, I am not repping BTC over gold. Just just sharing what I think has become wisdom / insight from my experience. BTC is much more portable than gold...MUCH. The concept of converting BTC to cash is temporary and dissipating. There is quite a bit that you can buy directly with BTC. And the freeer society becomes the more you will be able to transact in BTC. You can get a Visa BTC debit card through Coinbase: https://www.forbes.com/sites/michael.../#66712fb82e83

At a certain point gold becomes impractical to move. You could pay "cash" for a USD $1B Yatch on a BTC debit card. GL fleeing Egypt with a **** ton of gold as Mubrak learned.

The problem is your unit of account. You have been habituated / conditioned to think in terms of and price things in USD. I would suggest that it is not actually gold and BTC that fluctuate, but rather USD et al.

In truth however, it is both. If you think critically about this you should realize that what really doesn't hold its value is fiat...

Yeah but the chinese don't play their hand face up so who knows what tech they have now is what im saying.

Sure, there is some degree of uncertainty. But you should study the Opium Wars & the history of Hong Kong, the history of Taiwan, and the "Cultural Revolution. "
You should read Paulson's "Dealing With China (https://www.amazon.com/Dealing-China.../dp/1455504203)" and Allison et al's Lee Kuan Yew (https://www.amazon.com/gp/product/B0...api_tkin_p1_i1)

Then you should ask yourself:
A. where & how did they get their tech?
B. What original thing has come out of China?

The answers are, they were either given it, or stole it or both to A.

For B, you have to go back centuries to silk and gunpowder to find original things coming out of China. The USA has given the world Goolge and Amazon while China has Baidu and Alibaba. Do you see a pattern here?

Elon Musk & Jack Ma (When Elon Musk realised China's richest man is an idiot ( Jack Ma )):
https://www.youtube.com/watch?v=aHGd...be&app=desktop

In addition, the US has given the world: the internet, the iPhone, TSLA and SpaceX. As well as, half a century later, still being the only country to land on the moon.

The Chinese are not winning. You may obviously remain a skeptic if you wish. But in poker, science, and the real world, we do the best we can with imperfect data.

So rather than saying "who knows, bc reasons" I would suggest some study. You can then reach an informed conclusion.

I saw this article ("They're In Survival Mode" - Huawei Scrambles To Stockpile Critical 5G Chips As US Ban Takes Effect) this morning: https://www.zerohedge.com/technology...n-takes-effect this is the kind of stuff the trade war is about.

Like i said, i don't know where the tech stand but i am a skeptic of moon landing and past tech doesn't mean you will forever have the lead. The chinese has caught up to a certain degree and will keep catching up imo but thinking because 20th century belong to the west doesn't mean the 21st century still belongs to the west Everyone steals tech if it benefits their country, Amerca stole tech too. .i do thank you for the info and i will read the books. Let see in 10-20 where the tech world stands. Internet was a british invention i think. Jack Ma is a business man, he aint no inventor, he just savvy with business. Elon is a inventor, a visionary, not many people on his level

Ps i am no fan of any government, all are corrupt pos anyways.

Tell us more.

you are very wise and intelligent, makes elon look average

I think this is a relevant proposal (although slightly different than your question) https://www.aier.org/article/a-globa...urrency-board/

The triffin dilemma that the US faces from issuing the reserve country I think is something all countries would like to avoid including the US. I think as the economic fallout from the covid recession starts to play out there will be serious discussion about moving to a higher order system much like coats describes.

Bitcoin would be relevant as well as it is growing to be able to serve the role that keynes bancor was intended for: I reached out to coats however and he was unable to see bitcoin as a legitimate commodity to be used in a basket (or as a basis). There is a limited supply so he didn't see a demand stabilization mechanism. I think he is wrong though and it comes from the fee market and full maturity (ie highest value transactors finally coming to use bitcoin).

interacting with rand is the moment you realize you know nothing.

anyway, what a pompous fool

You know, I’m sorry to hear that you feel that way. I think of these forums as a place for truths, the best ideas, theories etc, to bubble to the top. Btw, if you are not familiar with “Bubble Sort,” literally what I am picturing here, and other sorting algorithms this is a really cool video: https://youtu.be/kPRA0W1kECg.

Anyway, I wasn’t sure if I wanted to respond to this or not. But I decided to because I want to say this. We are responsible for the meaning that we assign to our experiences.

One approach here is to feel hurt, perhaps your ego was damaged? And to respond to that emotional pain by lashing out. Notice that I did not call you any names.

Another approach is to be grateful to have participated in reasoned discourse and to have potentially learned something.

I am reminded of a story, I think from Tony Robbins. Two brothers, a few years apart in age had their father arrested for third strike grand theft auto. Something like 25 years later they were interviewed separately.

One was in jail for third strike grand theft auto, and the other one was a regional VP. They were asked the same question: “why do you think that you are where you are today?” What is interesting is that they gave the same answer: “where else could I be with a father like that?”

If your response to our exchange is to lash out, maybe you should talk to someone. Maybe you would benefit from meditation and introspection. I don’t appreciate being called names. I am neither of those things.